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Venture pays $860m for 1,275-Unit Brooklyn apartment portfolio
Transactions - AUGUST 10, 2020

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Venture pays $860m for 1,275-Unit Brooklyn apartment portfolio

by Andrea Zander

A venture of KKR & Co. and Dalan Management has agreed to pay $860 million, or $674,510/unit, for 14 apartment properties with 1,275 units in Brooklyn, N.Y., reported The Real Deal.

The largest property in the portfolio is 260 Gold Street, a 286-unit rental tower in Downtown Brooklyn.

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